WHY MALAYSIA ?

CONSTRUCTION - PRIME ECONOMIC MOVER IN MALAYSIA

The Ministry of Works, through the Construction Industry Development Board (CIDB) Malaysia has developed the Construction Industry Transformation Programme (CITP) to empower and strengthen the construction industry as outlined in the thrusts of the 11th Malaysia Plan.

The construction industry is recognised as a prime economic mover in Malaysia and is projected to remain robust in 2016 with high investments in infrastructure projects from both the public and private sectors. This will continue to grow by at least 10.3 percent annually in contributing approximately RM 327 billion or 5.5 per cent of GDP by 2020.

Several high impact projects of the Government’s initiatives under the 11th Malaysia Plan such as the Pan Borneo Highway, Central Spine Road, West Coast Highway, Klang Valley Mass Rapid Transit, Refinery and Petrochemical Integrated Development (RAPID) and Light Rail Transit 3 (LRT3) have contribute to this growth.

The CITP which sets important goals and milestones to bring Malaysia’s construction industry to the next level aims to transform the construction industry. As such, the CITP offers tremendous opportunities to increase the reach, effectiveness and comprehensiveness of training and development to raise it to world class levels which will benefit all industry players. In addition to this, the CITP’s aspiration to increase productivity encompasses enhancing knowledge content by increasing the quality of human capital and accelerating capabilities and capacities in building SMEs as well as reducing the mismatch between labour and supply.

Source: Construction Industry Transformation programme 2016 - 2020

Apart from infrastructure projects, the Government plans to make affordable homes available through initiatives such as the Program Bantuan Rumah (PBR), Program Perumahan Rakyat(PPR), Rumah Mesra Rakyat 1Malaysia (RMR1M), Perumahan Rakyat 1Malaysia (PRIMA), Rumah Wilayah Persekutuan (RUMAWIP) and also Perumahan Penjawat Awam 1Malaysia(PPA1M) with 653,000 of these homes to be built for the public.

Malaysia is placed among the world’s top 20 most competitive economies and is ranked the highest among developing countries in Asia. The report measures the ability of over 140 countries to provide quality of life t their citizens.

Malaysia maintained its top 20 position among 61 global economies in the latest World Competitiveness Yearbook 2016 (WCY) released by the Institute for Management Development (IMD), Lausanne, Switzerland. Malaysia was ranked 19th, ahead of Finland (20th), Israel (21st), Belgium (22nd), Iceland (23rd), Austria (24th), China (25th), Japan (26th), Czech Republic (27th), Thailand (28th) and South Korea (29th). Within the Asia Pacific region, Malaysia was ranked 6th out of 14 nations. The ranking was based on four principal factors namely, economic performance; government efficiency; business efficiency and infrastructure.

Source: World Competitiveness Yearbook 2016

Malaysia is placed among the world’s top 20 most competitive economies and is ranked the highest among developing countries in Asia. The Global Competitiveness Report 2015-2016 assesses the competitiveness landscape of 140 economies, providing insight into the drivers of their productivity and prosperity. The Report series remains the most comprehensive assessment
of national competitiveness worldwide.